China’s steel exports in calendar year 2022 (CY22) remained stable as per Customs data maintained with SteelMint. Volumes last year upped a negligible 1% to almost 68 million tonnes (mnt) from nearly 67 mnt in the preceding year. The top three importers contribute 68% of the total exports out of China.
Southeast Asia retained its status as the leading importing geography, the growth rate rose a nominal 4% y-o-y. Volumes increased to 19.90 mnt last calendar compared to 19.19 mnt in 2021. Vietnam, a traditional buyer of China’s, saw its volume dip 3% y-o-y to 5.46 mnt (5.61 mnt in 2021). This Southeast Asian country’s slow post-Covid recovery, dipping demand, and preference for domestic material slowed imports, forcing it to become an exporter itself for the last few months of 2022.
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